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Author Topic: [DVC]DevCoin - Official Thread - Moderated  (Read 1050404 times)
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markm
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September 07, 2020, 05:38:27 AM
 #8501

I am not sure which if any coins used in the Galactic Milieu are up to date enough with bitcoin code to work properly with the various methods folks have come up with for doing cross-chain atomic exchange. For example I think a lot of them still have "malleable transactions" even as they are so old.

Open Transactions planned to federate the reserve-custodian function but I had to move on from that platform as they refused to finalize data formats or warrant that there would be conversion tools to migrate data from old to new formats if/when formats changed.

So currently acting as custodian of the coins represented by tokens still seems somewhat necessary for various of the coins.

But hey if you can somehow figure out which if any of our blockchains will work with whatever cross-chain stuff your system does to secure coins on the real blockchain that are in use as tokens on your system I'd love to hear which ones should work and see it implemented.

Next platform Galactic Milieu is likely to issue onto is Diamond (DMD) when its "version 4" comes out. Meanwhile accumulation of DMD in readiness for that era is ongoing.

-MarkM-


Browser-launched Crossfire client now online (select CrossCiv server for Galactic  Milieu)
Free website hosting with PHP, MySQL etc: http://hosting.knotwork.com/
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September 07, 2020, 06:43:03 AM
Last edit: September 07, 2020, 07:05:57 AM by Traxo
Merited by Vlad2Vlad (7)
 #8502

I am not sure which if any coins used in the Galactic Milieu are up to date enough with bitcoin code to work properly with the various methods folks have come up with for doing cross-chain atomic exchange.

Afaik, CIYAM AT dates back as far as 2014:  
http://ciyam.org/at/

Recently, Qortal developers had it integrated in their Trade Portal:  

[Trade Portal Info]
http://wiki.qortal.org/doku.php?id=trade_portal_info

It's up and running for quite a while already, you can see historical trades done using the Trade Portal:  
https://exqlorer.com/market

Currently only BTC <-> QORT atomic cross-chain transacting is supported, but BTC <-> LTC has been announced.  
No central authority, and it's very simple to use for average Joe.  
(Somebody went through the process and recorded it: https://www.youtube.com/watch?v=wKpien_kOPM)  

I suspect GM Bitcoin forks might be up to date with the bitcoin code so somebody can come up with way for them to be supported.  
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September 07, 2020, 06:32:56 PM
 #8503


You can contact markm and he will take your DVC tokens at his stellar address and send you blockchain devcoins into your DVC wallet. 1:1 ration of Stellar DVC tokens/DVC. I coordinated with him on the keybase.io chat by direct messaging him at "knotwork" because keybase has a built in wallet for Stellar and its tokens.

Dan, is it too difficult to implement that automatically in the system? Not a criticism, just genuinely asking.

Also Stellar is an open network, good place for DVC to move in and out of as it builds up value per each unit. Not about dollars anymore.

That's very good!! I like that!

Last few times I looked for free open-source code for giving people tokens in return for coins there were two problems:

One, they claimed the code was not for production-use, that is, not actually hardened for real use;

Two, the code minted tokens on the fly to represent the supposedly-received coins, instead of only letting folks "buy" existing tokens already previously minted; that violates my only issue tokens for half my coins policy and also implies issuing tokens representing coins that are probably still in a "hot" wallet not yet actually frozen or buried safely away somewhere.

-MarkM-



I understand MarkM thanks for answering back. I wish something like that could be production-use ready and customizable enough to meet your best practices.  I think that would be awesome.

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September 08, 2020, 04:36:13 AM
 #8504


Hi, again .

So I've now upgraded one of the laptops to win 10.

Some of my wallets are syncing some are not .

Unfortunately Devcoin wallet is still not.
Gets stuck at " Failed to connect best block .
will not load.

Anything else to try?
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September 08, 2020, 04:03:53 PM
 #8505

Following the latest proposal from P2PB2B's Alina:

Quote
The cooperation work will include:

- listing with BTC / USDT / ETH pairs
- 0% fee acc for MM (1month)
- Announcements in our channels: (Facebook, Twitter, Telegram community channel and Telegram, An announcement in our news blog, The email marketing campaign for more than 300,000 users)
Free trial services:
- AMA session in the exchange's telegram channel - in order to pay maximum attention to your project. Free
- Referral Games - to attract more users, and to make social media activity. Free
- Market Making for 2 weeks for free
* I included these free trial services, but you can choose another 3 services upon your decision.

Price: 1 BTC (actual until the 13th of September)

As a reminder, the parameters that we are looking for:

1. EXCHANGE proposal should include: % probability of ROI & timeframe for ROI (based on EXCHANGE experience with other coins/tokens)
2. Devcoin project would invest up to 1 BTC after discounts from EXCHANGE

I ackanowledge the work of people specialized on listing and promoting cryptocurrencies, since that is marketers job, not mine.

I stand on my innitiative of provisioning a reserve of 1 BTC. I'm not saying that WhiteBIT or P2PB2B will take it. Rather we should invest about that much money ourselves or via a partnership. Btw, somebody has to pay the bill at EOD.

People interested on helping with a fundraiser campaign for listing Devcoin, please contact me, we have a lot of work upfront!

For the record, we also have an active proposal from WhiteBIT.

Go go Devcoin!

- develCuy

develCuy's posts at steemitDevcoin on Telegram  |  Devcoin - from the many, one. From one, the source
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September 09, 2020, 05:21:22 PM
 #8506

Hi, again .

So I've now upgraded one of the laptops to win 10.

Some of my wallets are syncing some are not .

Unfortunately Devcoin wallet is still not.
Gets stuck at " Failed to connect best block .
will not load.

Anything else to try?
develCuy
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September 12, 2020, 04:22:51 AM
 #8507

Dear Devcoin Community,

Let's start with a friendly reminder of our purpose as a project:

Quote
Devcoin is an ethically inspired cryptocurrency created in 2011 to support open source programmers and writers worldwide. Devcoin will eventually fund all types of developers including hardware developers, musicians, painters, graphic artists and filmmakers

Let's honor it!

I'm glad to announce that the Devcoin Foundation is going donate a percentage of its liquidity to charity via the Software Freedom Conservancy (SFC), a non-profit "that helps promote, improve, develop, and defend Free, Libre, and Open Source Software (FLOSS) projects. Conservancy provides a non-profit home and infrastructure for FLOSS projects. This allows FLOSS developers to focus on what they do best — writing and improving FLOSS for the general public — while Conservancy takes care of the projects' needs that do not relate directly to software development and documentation".

The effective donation amount will be transferred in US dollars and records will be added on every Devcoin round via https://github.com/devcoin/charity

Funding the SFC means to foster projects like: Busybox, Git, Homebrew, Inkscape, Metalink, Qemu, Samba and Wine among others. The next time that you talk about Devcoin with your peers, don't sell it short! Rather let them know how we are contributing to the fighting for software freedom! Full list of SFC projects https://sfconservancy.org/projects/current/

Go go Devcoin!

-- develCuy

develCuy's posts at steemitDevcoin on Telegram  |  Devcoin - from the many, one. From one, the source
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September 14, 2020, 02:27:17 AM
 #8508

Dear Devcoin Community,

Let's start with a friendly reminder of our purpose as a project:

Quote
Devcoin is an ethically inspired cryptocurrency created in 2011 to support open source programmers and writers worldwide. Devcoin will eventually fund all types of developers including hardware developers, musicians, painters, graphic artists and filmmakers

Let's honor it!

I'm glad to announce that the Devcoin Foundation is going donate a percentage of its liquidity to charity via the Software Freedom Conservancy (SFC), a non-profit "that helps promote, improve, develop, and defend Free, Libre, and Open Source Software (FLOSS) projects. Conservancy provides a non-profit home and infrastructure for FLOSS projects. This allows FLOSS developers to focus on what they do best — writing and improving FLOSS for the general public — while Conservancy takes care of the projects' needs that do not relate directly to software development and documentation".

The effective donation amount will be transferred in US dollars and records will be added on every Devcoin round via https://github.com/devcoin/charity

Funding the SFC means to foster projects like: Busybox, Git, Homebrew, Inkscape, Metalink, Qemu, Samba and Wine among others. The next time that you talk about Devcoin with your peers, don't sell it short! Rather let them know how we are contributing to the fighting for software freedom! Full list of SFC projects https://sfconservancy.org/projects/current/

Go go Devcoin!

-- develCuy

Sending quasi-merit (I have 0 to send =P). Keep up the good work!

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September 14, 2020, 06:33:26 AM
Merited by Traxo (1)
 #8509

Yup, marketing!

As seen a few months ago, being delisted from Altilly provided us with some great learning: Market or die! Our strongest arm in that regard was Devtome, but Exchanges don't care much about it nowadays, what they want is to measure the strength of our community channels (social media, not just bitcointalk), so that they can partner with us for promoting each other.

I'm glad to announce that Dan (realdantreccia, Satoshi0x) has joined the A-Team (admin team) as the Marketing guy! Dan is currently on charge of the FB page and is going to be delegated more channels progressively. The compensation is 1 (one) ongoing share starting from round 110. That share is taken from Devtome's, so it now has 49 shares.

If you are willing to help with Devcoin marketing, please consider to coordinate with Dan.

Go go Devcoin!

- develCuy

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September 17, 2020, 01:13:14 PM
 #8510


Hi I've done all these things.

even brought a desktop pc and installed the wallet . win 10.
won't sync.
As suggested tried to contact on telegram .........no reply .

can anyone help please.
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September 17, 2020, 06:40:44 PM
 #8511


Hi I've done all these things.

even brought a desktop pc and installed the wallet . win 10.
won't sync.
As suggested tried to contact on telegram .........no reply .

can anyone help please.

Did you add nodes to your config?

Of all the shitcoin wallets i got dvc is probably the one syncing fastest.


edit: checked my wallet. dont even have any nodes added myself.


Is there a bootstrap somewhere or could someone make one?
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September 17, 2020, 07:35:28 PM
 #8512


Hi, thanks for your reply.

I haven't

I don't know how .

do you have a node list and how to add?
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September 17, 2020, 08:32:36 PM
 #8513


Hi, thanks for your reply.

I haven't

I don't know how .

do you have a node list and how to add?


Please join our Telegram channel: https://t.me/Devcoins and say hi. I'll bring you support there.

- develCuy

develCuy's posts at steemitDevcoin on Telegram  |  Devcoin - from the many, one. From one, the source
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September 24, 2020, 06:40:05 AM
 #8514

I am not sure which if any coins used in the Galactic Milieu are up to date enough with bitcoin code to work properly with the various methods folks have come up with for doing cross-chain atomic exchange. For example I think a lot of them still have "malleable transactions" even as they are so old.

So what you're saying is that bitcoin code has updated beyond where our coins that began on blockchain and froze when you began issuing tokens for them on your Digitalis Open Transactions server using Open Transactions have transaction malleability issues since most of the Galactic Milieu coins inspired by BiTCoin probably never fixed those issues one can read here: https://en.bitcoin.it/wiki/Transaction_malleability... I can see how using a blockchain such as Bitcoin's with former blockchain coins that have been locked up in your custodial possession might not exactly be compatible when writing and signing transactions for blockchain coins across two invalidating blockchains...

Quote
Open Transactions planned to federate the reserve-custodian function but I had to move on from that platform as they refused to finalize data formats or warrant that there would be conversion tools to migrate data from old to new formats if/when formats changed.

So currently acting as custodian of the coins represented by tokens still seems somewhat necessary for various of the coins.

Keeping coins for now as a custodian while allowing people to trade tokens with other tokens on a platform such as Horizon or Stellar DEX is a temporary and easy solution to avoid issues with the actual blockchain coins and their possible incompatibility with Bitcoin as its network and BIPs have changed the rules to invalidate compatibility with older blockchain based coins. Data could even be incompatible between Berkley DB 4.7 and 4.8 and any Bitcoin/updated Bitcoin codebase chains that have since moved to other databases that are not backward compatible with the one my Devcoin - Wallet uses (Berkeley 4.8.30 April 9, 2010). So not just malleability issues there I assume, but things beyond my head that would tend to make me agree with you about atomic cross-chain transactions between our ancients and the current Bitcoin and it's blockchain/transaction/software parameters. Token swapping in a DEX like Stellar or on a self-run server and platform where these tokens are backed, or migrated from DOTs and Open Transactions to the Horizon Platform "home" and bridging with OTC transactions work for now. Clearly I've never had any complaints with you. But we do need to modernize soon. Unless it comes to us instead.

Quote
But hey if you can somehow figure out which if any of our blockchains will work with whatever cross-chain stuff your system does to secure coins on the real blockchain that are in use as tokens on your system I'd love to hear which ones should work and see it implemented.

Since your big seven Galactic currencies began as coins, fully issued 21-million in supply, and migrated rather quickly to Open Transactions and your methods of tokenization/custodial control of coins, those blockchains were last edited testnet configurations within a bitcoin client if I am not mistaken? With Merge Mining, its clear DVC coins and their raw blocks directly copying "Bitcoin block - transactions (really)" already sort of are compatible. But to call it cross-chain I would say to me it looks like layers that work well keeping a record with a DVC coin transaction on top and a copy of a raw Bitcoin block tx beneath on the "raw Devcoin block"... Sort of like printing on both sides of a sheet of paper with information that goes quite well together. I have never personally examined a GRouPcoin block but I am aware you said that too was stripped and reverted back to 50 coins per block indefinitely, that it is on a blockchain still, and that it was a test run to see if what you planned for DeVCoin and it being secured by POW merge mining would work. So there's another blockchain I've never looked at, but perhaps one in combination with our other merge mined chains (I0Coin being merge mind but 90 second blocks, IXCoin having a blockchain with big blocks and being an original sidechain to Bitcoin, etc).

Quote
Next platform Galactic Milieu is likely to issue onto is Diamond (DMD) when its "version 4" comes out. Meanwhile accumulation of DMD in readiness for that era is ongoing.

-MarkM-

By no means am I an expert at atomic swapping but I do believe that IXCoin, I0Coin, and others have fixed malleability issues in recent updates. Devcoin appears to be right where it needs to be (maybe the addition of other milieu configurations could help with any rate limiting necessary for secure swapping), and finally - automation. How does that all happen without a custodian, with real coins, and blockchains? Maybe we use our own unique and secure blockchains of the Galactic Milieu, the platforms and their legers as well as their unique features like HORIZON's DAE and POS/Leasing, Stellar's token swapping, but with automated ways for us to issue tokens while proving we have the coin to back them, and like you've planned, perhaps one more meaningful migration to DMD version 4 - when it becomes a platform that you believe will work for us. And if the bottleneck is still speed to pull of such transactions lets just use cross-platform/OS configuration mods like the first GG/GEG Geist Geld and it's Multicoin-exp fork Smiley A good wallet, but one you can only access your coins out of and per the rules set forth by the protocol. Uniswap muniswap.

These are just a lot of ideas. But I'm sure you know better than I what I'm getting at. I'm a fan. Keep it up! But definitely use our blockchains if we got some to spare without coins generation/transactions with coins but room for other data on them. Cough HORIZON cough Smiley

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September 24, 2020, 07:10:58 AM
 #8515

Also, CoinMarketCap decided to flirt with us and update a bunch of "historical data" (even if its not relevant or correct its activity on our "inactive page" over there!). Positives, even the chart shows a Market Cap for those dates, then September 17, 2020 it stopped.

https://coinmarketcap.com/currencies/devcoin/historical-data/

=P

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September 24, 2020, 03:04:31 PM
 #8516

Just added DVC to trading platform Kintum.io

I downloaded that. It makes you link to API from exchanges DVC isn't even listed on and I did not see DVC nor IXC. Care to make a tutorial to help us see what we missed?

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TBX: tWBwTjUhzMow9rn6wYpedb32LhX5b9Q4BN
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September 24, 2020, 05:08:06 PM
 #8517

Hey @bstr156, thank you for bringing some healthy dev speech to this thread. Btw, we are aware that our codebase has aged, so we need all help available! I wish to see more dev talk here!

- develCuy


You can contact markm and he will take your DVC tokens at his stellar address and send you blockchain devcoins into your DVC wallet. 1:1 ration of Stellar DVC tokens/DVC. I coordinated with him on the keybase.io chat by direct messaging him at "knotwork" because keybase has a built in wallet for Stellar and its tokens.

Dan, is it too difficult to implement that automatically in the system? Not a criticism, just genuinely asking.

Also Stellar is an open network, good place for DVC to move in and out of as it builds up value per each unit. Not about dollars anymore.

That's very good!! I like that!

Last few times I looked for free open-source code for giving people tokens in return for coins there were two problems:

One, they claimed the code was not for production-use, that is, not actually hardened for real use;

Two, the code minted tokens on the fly to represent the supposedly-received coins, instead of only letting folks "buy" existing tokens already previously minted; that violates my only issue tokens for half my coins policy and also implies issuing tokens representing coins that are probably still in a "hot" wallet no yet actually frozen or buried safely away somewhere.

-MarkM-



No need to serve as a reserve custodian if it's a coin<->token two-way peg using a burn/mint process based on SPV.  The proofs are the reserve.  If you haven't already, check out Jag's work on Syscoin and how SYS<->SYSX operates between the native coin and the Syscoin Token Platform. Beyond that, from there you can do the same w/ SYSX (Syscoin Token) and get the SYSX (ERC-20).  Then you can play in Ethereum's DeFi land if you want, or do whatever Ethereum people do.

It's live on the Syscoin mainnet.

For actual decentralized "DEX" you might also consider BlockNet's BlockDX.  They are introducing a lot of improvements recently.

And what guarantees the peg will ALWAYS be 1:1?  

It's network enforced that the quantity of the coins burned with `syscoinburntoassetallocation` is the quantity of the specific token to be minted (SYSX Asset: https://sys1.bcfn.ca/asset/1045909988).  The SYSX token was provisioned as such, in part by having its entire max supply minted then immediately burned. None of that token is or could float around without having its 1:1 peg as the only way to mint those tokens in the first place (post-provisioning) is out of the token supply that has been burned (again, max supply burned) and that minting can only occur via `syscoinburntoassetallocation` accompanied by a burn of the native coin SYS.

oh, and token spec attribute "max supply" cannot be changed.

Works the same way going the other direction via `assetallocationburn`.  The qty of SYSX burned is then re-minted as SYS out of that burned SYS supply pool.  Only it isn't necessary to burn the entire supply of the native coin of course... burning the max supply is only necessary for provisioning on the token side.

Ok, so then what’s the redundant need for a token for all these coins?  Why not just use DVC, BSV, etc.  why are they all adding a token which you have to swap the coin for the token?  It doesn’t seem necessary since you can just as easily spend the coin itself.  



It's part of giving sovereign owners means that are permissionless and trust-minimized to enable their existing value with new use cases, services, and immediately-ideal characteristics (in areas like transactionality, security, programmability) - options that aren't available when the value is stuck on its original platform.  In a word, Interoperability - without using trading mechanisms nor depending on liquidity providers.  

Token platforms are conducive to cross-chain integrations like this, especially those that offer programmability like Ethereum in which case a clear path to mutual chain awareness is established.  We've accomplished this between Ethereum ERC-20 and Syscoin Platform Tokens using a notion of superblocks... similar to the early Dogethereum idea, but expanded and fleshed-out quite a bit more to the point of actually being production ready and live on a mainnet. ERC-20s can cross to a Syscoin (learn about Syscoin Bridge: https://syscoin.readme.io/docs/what-is-sysethereum-bridge-how-does-it-work) after which they exist as a token on a platform that provides improved means-of-exchange (fast, low-cost microtransactions and scalability - Learn about Z-DAG: https://syscoin.org/news/what-is-z-dag.) - and proven store-of-value which might be particularly important if Ethereum shifts to proof-of-stake. The other side of the coin is that all existing Syscoin Platform Tokens, including SYSX value which is pegged to the native coin SYS, can access Ethereum and all it has to offer ERC-20s.

For interop w/ platforms that don't offer programmability we are exploring ZKP as a way of generalizing the functionality of our bridge.

A shorter way of answering would just be "The reason is the same general idea in what MarkM is doing w/ Stellar, but our path is trust-minimized, permissionless and doesn't involve a token swap where there are reserve tokens in another human's wallet however good their intentions might be"

MarkM, you could integrate assets quite easily for Galactic Milieu. Check out our github when you have time.

develCuy's posts at steemitDevcoin on Telegram  |  Devcoin - from the many, one. From one, the source
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September 24, 2020, 06:19:02 PM
 #8518

Just added DVC to trading platform redacted

I downloaded that. It makes you link to API from exchanges DVC isn't even listed on and I did not see DVC nor IXC. Care to make a tutorial to help us see what we missed?

Here is a few steps tutorial:  
1) It's a scam
2) Don't download scammy files from the Internet
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September 25, 2020, 10:24:05 AM
 #8519

Just added DVC to trading platform redacted

I downloaded that. It makes you link to API from exchanges DVC isn't even listed on and I did not see DVC nor IXC. Care to make a tutorial to help us see what we missed?

Here is a few steps tutorial:  
1) It's a scam
2) Don't download scammy files from the Internet

Eh diff computer, curiousity.

Earn Devcoins by Writing
DVC: 1EP4QqKq42kpfuZB3XQSyscrWNYRt158Et
TBX: tWBwTjUhzMow9rn6wYpedb32LhX5b9Q4BN
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September 25, 2020, 10:27:21 AM
 #8520

Hey @bstr156, thank you for bringing some healthy dev speech to this thread. Btw, we are aware that our codebase has aged, so we need all help available! I wish to see more dev talk here!

- develCuy


You can contact markm and he will take your DVC tokens at his stellar address and send you blockchain devcoins into your DVC wallet. 1:1 ration of Stellar DVC tokens/DVC. I coordinated with him on the keybase.io chat by direct messaging him at "knotwork" because keybase has a built in wallet for Stellar and its tokens.

Dan, is it too difficult to implement that automatically in the system? Not a criticism, just genuinely asking.

Also Stellar is an open network, good place for DVC to move in and out of as it builds up value per each unit. Not about dollars anymore.

That's very good!! I like that!

Last few times I looked for free open-source code for giving people tokens in return for coins there were two problems:

One, they claimed the code was not for production-use, that is, not actually hardened for real use;

Two, the code minted tokens on the fly to represent the supposedly-received coins, instead of only letting folks "buy" existing tokens already previously minted; that violates my only issue tokens for half my coins policy and also implies issuing tokens representing coins that are probably still in a "hot" wallet no yet actually frozen or buried safely away somewhere.

-MarkM-



No need to serve as a reserve custodian if it's a coin<->token two-way peg using a burn/mint process based on SPV.  The proofs are the reserve.  If you haven't already, check out Jag's work on Syscoin and how SYS<->SYSX operates between the native coin and the Syscoin Token Platform. Beyond that, from there you can do the same w/ SYSX (Syscoin Token) and get the SYSX (ERC-20).  Then you can play in Ethereum's DeFi land if you want, or do whatever Ethereum people do.

It's live on the Syscoin mainnet.

For actual decentralized "DEX" you might also consider BlockNet's BlockDX.  They are introducing a lot of improvements recently.

And what guarantees the peg will ALWAYS be 1:1?  

It's network enforced that the quantity of the coins burned with `syscoinburntoassetallocation` is the quantity of the specific token to be minted (SYSX Asset: https://sys1.bcfn.ca/asset/1045909988).  The SYSX token was provisioned as such, in part by having its entire max supply minted then immediately burned. None of that token is or could float around without having its 1:1 peg as the only way to mint those tokens in the first place (post-provisioning) is out of the token supply that has been burned (again, max supply burned) and that minting can only occur via `syscoinburntoassetallocation` accompanied by a burn of the native coin SYS.

oh, and token spec attribute "max supply" cannot be changed.

Works the same way going the other direction via `assetallocationburn`.  The qty of SYSX burned is then re-minted as SYS out of that burned SYS supply pool.  Only it isn't necessary to burn the entire supply of the native coin of course... burning the max supply is only necessary for provisioning on the token side.

Ok, so then what’s the redundant need for a token for all these coins?  Why not just use DVC, BSV, etc.  why are they all adding a token which you have to swap the coin for the token?  It doesn’t seem necessary since you can just as easily spend the coin itself.  



It's part of giving sovereign owners means that are permissionless and trust-minimized to enable their existing value with new use cases, services, and immediately-ideal characteristics (in areas like transactionality, security, programmability) - options that aren't available when the value is stuck on its original platform.  In a word, Interoperability - without using trading mechanisms nor depending on liquidity providers.  

Token platforms are conducive to cross-chain integrations like this, especially those that offer programmability like Ethereum in which case a clear path to mutual chain awareness is established.  We've accomplished this between Ethereum ERC-20 and Syscoin Platform Tokens using a notion of superblocks... similar to the early Dogethereum idea, but expanded and fleshed-out quite a bit more to the point of actually being production ready and live on a mainnet. ERC-20s can cross to a Syscoin (learn about Syscoin Bridge: https://syscoin.readme.io/docs/what-is-sysethereum-bridge-how-does-it-work) after which they exist as a token on a platform that provides improved means-of-exchange (fast, low-cost microtransactions and scalability - Learn about Z-DAG: https://syscoin.org/news/what-is-z-dag.) - and proven store-of-value which might be particularly important if Ethereum shifts to proof-of-stake. The other side of the coin is that all existing Syscoin Platform Tokens, including SYSX value which is pegged to the native coin SYS, can access Ethereum and all it has to offer ERC-20s.

For interop w/ platforms that don't offer programmability we are exploring ZKP as a way of generalizing the functionality of our bridge.

A shorter way of answering would just be "The reason is the same general idea in what MarkM is doing w/ Stellar, but our path is trust-minimized, permissionless and doesn't involve a token swap where there are reserve tokens in another human's wallet however good their intentions might be"

MarkM, you could integrate assets quite easily for Galactic Milieu. Check out our github when you have time.

Not just that, the CEO and founder of Blockchain Foundry and lead of Syscoin is former devcoin developer sidhujag Smiley He seems to have bookmarked a place for us to come back to the future and evolve as we've planned for some time Smiley

https://github.com/devcoin/core/commit/cf3e03bad10368d96294769b740841919b636810

Quote
Fix conflicting bitcoin counterparty conflict merge

Bitcoin reduced the tx return data bytes by half effectively cutting off
counterparty compatibility with 0.9.x see:
http://www.coindesk.com/developers-battle-bitcoin-block-chain/

This is to revert the bitcoin change so that we may one day support
counterparty, blockchain services and smart contracts

devcoin0.9.2
@sidhujag

sidhujag committed on Aug 7, 2014

Let's go for it Smiley

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